Vote Result

Yea Votes

Nay Votes

Vote to pass a concurrent resolution that appropriates funds for fiscal year 2013 and limits federal spending for fiscal years 2014 through 2022.

Highlights:

Appropriates $2.79 trillion in funds for fiscal year 2013 (Sec. 101).

Limits appropriations as follows for fiscal years 2014 to 2022 (Sec. 101):

$2.68 trillion for 2014;

$2.76 trillion for 2015;

$2.89 trillion for 2016;

$3.00 trillion for 2017;

$3.12 trillion for 2018;

$3.29 trillion for 2019;

$3.46 trillion for 2020;

$3.57 trillion for 2021; and

$3.78 trillion for 2022.

Limits the budget deficit as follows for fiscal years 2013 to 2022 (Sec. 101):

$0.83 trillion in 2013;

$0.52 trillion in 2014;

$0.32 trillion in 2015;

$0.26 trillion in 2016;

$0.21 trillion in 2017;

$0.19 trillion in 2018;

$0.23 trillion in 2019;

$0.22 trillion in 2020;

$0.20 trillion in 2021; and

$0.25 trillion in 2022.

Limits public debt to the following amounts for fiscal years 2013 to 2022 (Sec. 101):

$12.4 trillion for 2013;

$12.9 trillion for 2014;

$13.3 trillion for 2015;

$13.6 trillion for 2016;

$13.9 trillion for 2017;

$14.1 trillion for 2018;

$14.4 trillion for 2019;

$14.7 trillion for 2020;

$15 trillion for 2021; and

$15.4 trillion for 2022.

Requires each House committee to submit a recommendation to the Committee on the Budget of the House of Representatives regarding changes in laws that will reduce the deficit between 2012 and 2022 (Sec. 201).

Authorizes the chair of the Committee on the Budget to adjust the appropriations in this resolution to accommodate certain policy changes including, but not limited to, the following (Sec. 503):

Adjustments to the Alternative Minimum Tax exemption in order to reduce the number of taxpayers that are subject to the Alternative Minimum tax;

Extension of the estate, gift, and generation-skipping transfer taxes;

A 20 percent deduction against the income taxes of small businesses;

Repeal or amendment of the Patient Protection and Affordable Care Act; and

A reduction in tax rates.

Prohibits any bills or joint resolutions, other than those reported by the Committee on Appropriations, from increasing federal spending by more than $5 billion for any of the first 4 consecutive 10 fiscal-year periods beginning in 2023 (Sec. 504).

Establishes a reserve fund for the repeal of the Patient Protection and Affordable Care Act (Sec. 401).